Bitcoin is a digital currency created in 2008 that allows for fast and relatively free transactions anywhere in the world. It uses cryptography and a decentralized network to verify transactions and create new bitcoins. The value of bitcoin comes from its usefulness as a currency and the demand for it. However, bitcoin is still experimental and volatile, with an uncertain future in terms of stability, regulation, and widespread adoption. The bitcoin community continues to develop the software, payment systems, and applications around this new currency.
19. Bitcoin IS...
Bitcoin MIGHT BE:
Your responsibility
"Bitcoin doesn't ask that users trust any
institution.
Its security is based on cryptography."
- Bitcoin FAQ
29. Bitcoin is NOT...
Not Tested For Hundreds of Years (yet)
"Bitcoin is an experimental, virtual currency
that may succeed or may fail. "
- Bitcoin FAQ
47. Payments
3. Payments
How can I get me some?
freebitcoins.appspot.com
IRC
intersango.com
mtgox.com
For cash: localbitcoins.com
(Or sell something?)
(Or beg?)
48. Payments
3. Payments
How can I get me some?
PingIt!
49. Payments
3. Payments
What can I buy?
Hosting Services
Games Clothing
Magazines Handmade food
Chocolate Watches
Tea & Coffee Tiny cannons
Weddings Soap
Music Tooth repairs
Pirateboxes Mitt Romney's tax returns
59. Economy
4. Economy
What is "value"?
Usefulness
+
Demand
60. Economy
4. Economy
What is "value"?
That is it.
61. Economy
4. Economy
What is Bitcoin's
"usefulness" value?
- Ease of use?
- Scarcity?
- Self-fulfilling value / Speculation?
- ... Other?
62. Economy
4. Economy
Value = Attention = Use = Demand = Value =
Attention = Use = Demand = Value = Attention
= Use = Demand = Value = Attention = Use =
Demand = Value = Attention = Use = Demand
= Value = Attention = Use = Demand = Value =
Attention = Use = Demand = Value = Attention
= Use = Demand = Value = Attention = Use =
Value = Attention = Use = Demand = Value =
Attention = Use = Demand = Value = ...